SILVERspac Inc. (NASDAQ:SLVR – Get Rating) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 10,300 shares, a decrease of 26.4% from the July 15th total of 14,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 38,000 shares, the short-interest ratio is currently 0.3 days.
SILVERspac Trading Down 0.1 %
Shares of NASDAQ:SLVR traded down $0.01 during midday trading on Friday, hitting $9.73. The company had a trading volume of 1,366 shares, compared to its average volume of 67,824. SILVERspac has a 12-month low of $8.71 and a 12-month high of $10.89. The company has a fifty day moving average of $9.69 and a two-hundred day moving average of $9.67.
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Institutional Investors Weigh In On SILVERspac
Hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Street LLC purchased a new stake in SILVERspac in the 2nd quarter worth $27,000. Virtu Financial LLC purchased a new stake in SILVERspac in the 1st quarter worth $169,000. Bank of Montreal Can purchased a new stake in SILVERspac in the 2nd quarter worth $297,000. Whitebox Advisors LLC purchased a new stake in SILVERspac in the 4th quarter worth $484,000. Finally, UBS Group AG increased its stake in SILVERspac by 55,401.5% in the 1st quarter. UBS Group AG now owns 111,003 shares of the company's stock worth $1,072,000 after buying an additional 110,803 shares in the last quarter.
About SILVERspac
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SILVERspac Inc does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to concentrate on identifying businesses that provide technology and innovation solutions to the real estate and financial services industries, as well as concentrate on identifying enterprise technology companies that sell into the real estate and financial services sectors.
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